Transition Pathway Initiative

Publications

11 Jul 17

Management quality of coal mining companies: a commentary

By Simon Dietz, Emma French, Carlota Garcia-Manas and Rory Sullivan

This report contains an assessment of the management quality of the world’s 20 largest publicly-listed coal mining companies, a group that includes both diversified miners as well as companies focused on the mining of coal.

Read more

5 Jun 17

Carbon performance assessment of electricity utilities: a commentary

By Simon Dietz, Emma French and Bruno Rauis

This report provides an in-depth assessment of the carbon performance of 20 electricity utilities.

We apply and extend the Sectoral Decarbonization Approach, used by the Science Based Targets Initiative among others. This enables us to translate greenhouse gas emissions targets made at the international level into appropriate benchmarks, against which the performance of individual companies can be compared. Using modelling from the International Energy Agency, we derive benchmark global carbon emissions intensity pathways for electricity utilities that are consistent with:

  1. A 2 Degrees scenario, commensurate with the overall aim of the Paris Agreement to limit global warming to below 2°C
  2. A Paris Pledges scenario, which is consistent with the global aggregate of emissions reductions actually pledged by countries as part of the Paris Agreement in the form of Nationally Determined Contributions or NDCs.

Based on public disclosures, we are able to estimate the carbon intensity of electricity production for 18 of the global top 20 electricity utilities today. Two companies make insufficient disclosures for us to estimate carbon performance. We estimate utilities’ future carbon intensity on the basis of quantitative targets they have set themselves to reduce emissions. A total of 9 utilities have set targets that we can use. All 9 targets extend to 2020, while only 6 targets extend to 2030.

Read more

4 Jun 17

Carbon performance assessment of electricity utilities: note on methodology

By Simon Dietz, Emma French and Bruno Rauis

The purpose of this note is to provide an overview of the methodology followed by the Transition Pathway Initiative (TPI) in its assessment of the carbon performance of electricity utilities.

Read more

2 Jun 17

Introducing The Transition Pathway Initiative

The Transition Pathway Initiative (TPI) is an asset owner-led initiative, which assesses how companies are aligning themselves with the transition to a low-carbon economy. This Introduction gives context to the TPI, describes the initiative, its supporters, how the online toolkit works and how it can be used.

Read more

10 Apr 17

TPI submission to the Task Force on Climate-related Financial Disclosures consultation

The Transition Pathway Initiative (TPI) prepared a formal submission to the Task Force on Climate-related Financial Disclosures, focusing specifically on the question of corporate disclosures, and how these could be made more useful to investors. In this paper, we present the key elements of our submission.

Read more

11 Jan 17

Launch press release

Thirteen leading international asset owners launch major initiative to embed climate concerns in investment decisions

Read more

10 Jan 17

Transition Pathway Initiative – Tutorial

By Carlota Garcia-Manas

The Transition Pathway Initiative (TPI) is an asset owner-led initiative, which assesses how companies are aligning themselves with the transition to a low-carbon economy. This short tutorial provides simple and graphical guidance on how to navigate the online toolkit.

Read more

10 Jan 17

How can investors use The Transition Pathway Initiative?

By Rory Sullivan, Simon Dietz, Carlota Garcia-Manas, Adam Matthews and Faith Ward

The Transition Pathway Initiative (TPI) is an asset owner-led initiative, which assesses how companies are aligning themselves with the transition to a low-carbon economy. This document explains how investors can use the TPI.

Read more

10 Jan 17

The Transition Pathway Initiative Methodology and Indicators Report

By Rory Sullivan, Simon Dietz, Carlota Garcia-Manas, Adam Matthews and Faith Ward

The Transition Pathway Initiative (TPI) is an asset owner-led initiative, which assesses how companies are aligning themselves with the transition to a low-carbon economy. TPI released its first set of data in January 2017. It published Management Quality assessments for 20 large companies in the oil and gas sector and for 20 large companies in the electricity utilities sector. This Methodology and Indicators Report provides the technical background to these assessments and to the data that have been used in the assessments.

Read more